How was your Monday?
A busy start to the week for the PEAK team with road shows, meetings and conference prep.
On another note, have you been following the cricket?
Well, after India beat Pakistan in a fairly one-sided game on Saturday…
Afghanistan have beaten the English team in a major upset last night.
Go figure!
Across Markets…
The Australian sharemarket dropped on Monday as investors rushed to the safety of bonds and gold on concerns about the escalating tension in the Middle East.
The benchmark S&P/ASX 200 index declined 0.4 per cent or 24.5 points to 7026.5 at the closing bell. Nine out of the 11 industry sectors fell in the red, led by sharp losses in technology stocks. The All Ordinaries fell 0.4 per cent.
The information technology sector was the worst performer, tumbling 2.8 per cent. It comes as sector heavyweight WiseTech dropped 2.3 per cent to $62 share, Xero lost 3.4 per cent to $114 and NEXTDC declined 2.3 per cent to $12.28.
Meanwhile, gains in energy stocks pared some of the losses by the other sectors.
Major oil producers tracked the climb in the oil price at $US91 a barrel, having leapt 5.7 per cent over the weekend, bolstered by the continuation of the Israel-Hamas war. Woodside Energy rallied 0.9 per cent to $36.06 and Karoon jumped 3.1 per cent to $2.69.
“It remains to be seen whether the energy price rally is sustained, with Brent crude oil around $US90/bbl, still well below the late September highs above $US97,” said Westpac economist Sean Callow in a note to clients.
Gold stocks were among the best performers, Regis Resources advanced 5.8 per cent to $1.63 and Perseus Mining added 4.4 per cent to $1.645. Gold prices rose 0.1 per cent to $US1934.3, following a 3.3 per cent jump on Friday.
Global lithium giant Albemarle has abandoned its $6.6 billion bid for Liontown Resources at $3 per share. Liontown requested that its shares be placed on hold while it reviews its Kathleen Valley Project funding.
Fletcher Building was the worst-performing stock on the ASX 200. Shares plunged 8.6 per cent to $4.07 after the company came out of a trading halt.
Westpac slipped 0.8 per cent to $21.31 after Ampol chairman Steven Gregg was appointed chairman-elect of Westpac. Gregg is succeeding John McFarlane, who has been chairman since 2020.
Qantas dropped 2.4 per cent to $4.90. Loyalty chief executive Olivia Wirth has resigned from her position.
Source: AFR
Pioneer Lithium (ASX: PLN) has moved its maiden exploration program at Root Lake in Canada into fourth gear with the discovery of a large pegmatite swarm.
The find of 85 outcropping pegmatites occurred adjacent to the Root Bay pegmatite system being explored by Green Technology Metals (ASX: GT1) which has an inferred resource of 8.1 million tonnes at 1.32% lithium oxide.
Pioneer’s 90%-owned Root Lake in northern Ontario is one of three battery metals projects being pursued by the recently listed company.
In what the company terms a significant breakthrough, Pioneer Lithium reports that its program at the Central Corridor zone at Root Lake is along trend from Green Technology’s Root Bay deposit.
The company says the outcrops are up to 10 metres wide and are exposed over lengths of up to 140m.
Moreover, the outcrops typically display fractionation indicators and accessory minerals associated with lithium-caesium-tantalum (LCT) pegmatites.
Source: Small Caps
Sector: Lithium
Deal Type: Placement
Raise Amount: $1.75M
Latest Entry Price: $0.006 with a 1:2 AL8OA
Today’s Price Change: $0.014 Unchanged
Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.20
Today’s Price Change: $0.14 Unchanged
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.15 Unchanged
Company: Gold Mountain Limited (ASX:GMN)
Sector: Lithium
Deal Type: Placement
Raise Amount: $2.25M
Latest Entry Price: $0.0075
Today’s Price Change: $0.006 +9.09%
Company: Unith Ltd. (ASX:UNT)
Sector: AI/ChatGPT
Deal Type: Placement
Raise Amount: $4.5M
Latest Entry Price: $0.033 with a 1:1 UNTO
Today’s Price Change: $0.023 Unchanged
Company: Volt Resources Ltd. (ASX:VRC)
Sector: Battery Metals
Deal Type: Placement
Raise Amount: $5.75M
Latest Entry Price: $0.011
Today’s Price Change: $0.008 Unchanged
Company: Castle Minerals Ltd. (ASX:CDT)
Sector: Battery Metals/Base Metals
Deal Type: Placement
Raise Amount: $1.52M
Latest Entry Price: $0.02 with a 2:3 CDTOA
Today’s Price Change: $0.01 Unchanged
Company: Avenira Ltd. (ASX:AEV)
Sector: Phosphate
Deal Type: Placement
Raise Amount: $2.1M
Latest Entry Price: $0.01 with a 1:2 AEVO
Today’s Price Change: $0.011 +10.00%
Company: Latrobe Magnesium Ltd. (ASX:LMG)
Sector: Magnesium
Deal Type: Placement
Raise Amount: $3M & $11.5M
Latest Entry Price: $0.10 with a 1:4 LMGO
Today’s Price Change: $0.045 -4.26%
Company: Askari Metals Ltd (ASX:AS2)
Sector: Mining
Deal Type: IPO
Raise Amount: $5.7M
Latest Entry Price: $0.35 with a 1:3 AS2O
Today’s Price Change: $0.18 -5.26%
Company: iCandy (ASX:ICI)
Sector: Gaming & Digital Advertising
Deal Type: Placement
Raise Amount: $1.25M
Latest Entry Price: $0.02 with a 1:1 ICIOB
Today’s Price Change: $0.033 -8.33%
Sector: Fintech
Deal Type: Placement
Raise Amount: $1.5M
Latest Entry Price: $0.015 with a 1:2 FFGOA
Today’s Price Change: $0.011 -8.33%
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.63 Unchanged
Company: ReNu Energy Limited (ASX:RNE)
Sector: Energy
Deal Type: Placement
Raise Amount: $1.46M
Latest Entry Price: $0.06 with a 1:1 RNEO
Today’s Price Change: $0.028 -3.45%
Company: Carly Holdings Ltd (ASX:CL8)
Sector: AI and Car subscription
Deal Type: Placement
Raise Amount: $1.25M
Latest Entry Price: $0.025 with a 1:2 CL8O
Today’s Price Change: $0.017 Unchanged
Sector: CBD
Raise Amount: $5M
Latest Entry Price: $0.006 with a 3:2 AVEOA
Today’s Price Change: $0.004 -11.11%
Sector: Medicinal Cannabis
Deal Type: Placement
Raise Amount: $6.6M
Latest Entry Price: $0.033 with 1:2 ECSO
Today’s Price Change: $0.024 Unchanged
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
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